John David Sports PLC
1 June 2001
1 June 2001
JOHN DAVID SPORTS PLC ('JD SPORTS' OR THE 'COMPANY')
DIRECTORS' SHARE PLACING
In response to institutional demand and in order to increase liquidity in the
trading of the Company's shares, JD Sports announces that a total of 6,543,600
shares are being placed by Investec Henderson Crosthwaite for John Wardle,
Executive Chairman, and David Makin, Buying and Merchandising Director. Mr.
Wardle and Mr. Makin founded JD Sports in 1981 and prior to today have not
sold any shares since the Company's flotation in 1996.
John Wardle is selling 3,106,800 ordinary shares of 5p each ('Ordinary Shares
'), representing 6.65 per cent. of the issued share capital of the Company, at
a price of 330p per share. John Wardle's Family Trust is also selling 165,000
Ordinary Shares, representing 0.35 per cent. of the issued share capital of
the Company, at a price of 330p per share. Following this sale, John Wardle
will remain interested in 13,048,770 Ordinary Shares, representing 27.92 per
cent. of the issued share capital of the Company, 26.13 per cent. beneficially
and 1.79 per cent. non-beneficially.
David Makin is selling 2,921,800 Ordinary Shares, representing 6.25 per cent.
of the issued share capital of the Company, at a price of 330p per share.
David Makin's Children's Trust is also selling 350,000 Ordinary Shares,
representing 0.75 per cent. of the issued share capital of the Company, at a
price of 330p per share. Following this sale, David Makin will remain
interested in 13,048,770 Ordinary Shares, representing 27.92 per cent. of the
issued share capital of the Company.
John Wardle and David Makin have undertaken that, save in certain limited
circumstances, they will not dispose of any further Ordinary Shares for a
period of one year.
-ENDS-
Enquiries:
John Wardle (Chairman) / Barry Bown (Chief Executive), John David Sports Plc
Telephone: 0207 796 4133 (Hudson Sandler) on 1 June 2001
01706 628000 (Thereafter)
David Currie, Investec Henderson Crosthwaite
Telephone: 020 7597 5970
Lesley Allan /Penny Davis, Hudson Sandler
Telephone: 0207 796 4133
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.